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Nov 20, 2012
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joining us is reporter at nbc news. chapman, thanks for joining us. there's a temporary hold on any ground operations, but how easy is to get from that to a wider cease fire? >> to add to the growing call, hillary clinton is on her way to the region now to add her weight behind the cease fire. now, she along with secretary general ban ki-moon of the u.n., they will push for the cease fire. she first meets in israel with netanyahu to try to see what she can do to get the cease fire in order. because this is day seven now of this conflict where it continues. overnight the israeli defense force targeted 100 different attacks within gaza by air and sea, targets they said were necessary to stop the flow of missiles and rockets out of gaza, underground bunkers, store am depots and even financial institutions for hamas. this morning militants within gaza responded with volleys of rocket there is to israel -- into southern israel in response to the overnight attacks. so there's a growing call for this cease fire particularly over 100 people killed within gaza
joining us is reporter at nbc news. chapman, thanks for joining us. there's a temporary hold on any ground operations, but how easy is to get from that to a wider cease fire? >> to add to the growing call, hillary clinton is on her way to the region now to add her weight behind the cease fire. now, she along with secretary general ban ki-moon of the u.n., they will push for the cease fire. she first meets in israel with netanyahu to try to see what she can do to get the cease fire in...
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Nov 22, 2012
11/12
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joining us, chief european economist. ricar ricardo, thanks for joining us. so still a negative territory. what does this point to in terms of the economic decline for the fourth quarter? >> i think it's in line with the idea that real sgchlt dp will decline by at least 0.2%, possibly 0.3%. it will give us a negative entry point in 2013 when i expect an average growth of minus 0.2%. so still moderately recession territory. >> the german flash composite pmi 47.9, services 48, manufacturing 46.8, is germany -- we just saw the 0.2% print. is girl aermany going to have a negative contract? >> i'm looking for a contraction of minus 0.2. so only aed modest one. i expect activity will stabilize in q1 of next year, but obviously that requires a favorable external environment, meaning u.s. not going into this deep due to the fiscal cliff. and also signs of improvement in asia. >> meanwhile the french pmi says the survey there suggests a 0.7% gdp drop in quarter 4 for france. >> that seems quite large. we've seen in recent quarters numbers out of front which were highe
joining us, chief european economist. ricar ricardo, thanks for joining us. so still a negative territory. what does this point to in terms of the economic decline for the fourth quarter? >> i think it's in line with the idea that real sgchlt dp will decline by at least 0.2%, possibly 0.3%. it will give us a negative entry point in 2013 when i expect an average growth of minus 0.2%. so still moderately recession territory. >> the german flash composite pmi 47.9, services 48,...
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Nov 28, 2012
11/12
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thanks for joining us. here's a quick look at what else you've been hearing from some of the experts on our program this morning. >> looking somewhat rich. also cautious on finland where we think there could be some problem next year also regarding rating. >> the sterling i think represents the best and i would avoid the euro like the plague. >> depend on big financial leverage to make money. and those businesses were the customers that were struggling. they have been leveraged on the left-hand side. so that is a fundamentally tricky business. >> now the eu zone to approve the restructuring plans of spanish banks and he says the plan will cost a total of $37 billion euros. he said nationalized banks will reduce their number of branches by up to 50%. this follows a deal for a token price of one euro. he said that plan is cheaper than it would have been to liquidate the bank altogether. fitch has slashed argentina's credit rating by five notches, citing the risk of probable default. this after a u.s. court or
thanks for joining us. here's a quick look at what else you've been hearing from some of the experts on our program this morning. >> looking somewhat rich. also cautious on finland where we think there could be some problem next year also regarding rating. >> the sterling i think represents the best and i would avoid the euro like the plague. >> depend on big financial leverage to make money. and those businesses were the customers that were struggling. they have been...
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Nov 14, 2012
11/12
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eunice is with us in beijing. eunice, as we look from where we are at the moment, do we have any feeling on how many members there will be in that standing committee? the implications of that and the likely makeup? >> so far, we know that it's going to be somewhere between seven and nine. that's the number that people have been throwing out there. there's been a lot of expectation that the number on the standing committee, which is currently at nine, will be trimmed down to seven, which could potentially mean that policy will be easier to push through. some of the other things that people are talking about here is just how incredible it is that this is now the end of an era for the current president as well as the premier, really stepping aside as party chiefs for the next generation of leaders. now, the delegates today had come together and they approved the work report, which is endorsed by the president. >> translator: the most important policies and arrangements and greatest achievements will surely play a cri
eunice is with us in beijing. eunice, as we look from where we are at the moment, do we have any feeling on how many members there will be in that standing committee? the implications of that and the likely makeup? >> so far, we know that it's going to be somewhere between seven and nine. that's the number that people have been throwing out there. there's been a lot of expectation that the number on the standing committee, which is currently at nine, will be trimmed down to seven, which...
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Nov 27, 2012
11/12
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what about taking some pressure off us? we have a massive debt burden, we really need some compensation here, as well. but it's worth taking a step back even from that and saying the germans and other surface running countries in europe always did have the opportunity to bail out the deficit countries, but almost the obligation. that's what happens if you create a united states of europe. just like alabama was bailed out by new york state or whatever it is. >> i think you were struggling to find a strong state there for a second. >> was a little bit. so the actual transfers aren't necessarily the problem. the problems are two fold. the first as you alluded to is the internal competitiveness of particularly the peripheral countries. when they joined the euro, they took advantage of the low borrowing costs to borrow and spend up a storm, public sector wages went up. and they become dramatically uncompetitive. and the easy way is to leave the euro. the painful way is to stay. so the other thing to bear in mind is the banks. ba
what about taking some pressure off us? we have a massive debt burden, we really need some compensation here, as well. but it's worth taking a step back even from that and saying the germans and other surface running countries in europe always did have the opportunity to bail out the deficit countries, but almost the obligation. that's what happens if you create a united states of europe. just like alabama was bailed out by new york state or whatever it is. >> i think you were struggling...
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Nov 13, 2012
11/12
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justin, thanks for joining us. first of all, this little spat on the two year extension, how much >> of course they're politicians and in jean claude's own words, different circumstances. they have to get reelected. christine lagarde is head of the imf and the imf needs to get the problem sorted out as quickly as possible regardless of political concerns. so you can see which way they're coming from here. as i say, the mnumber 120% is plucked out of the air. there already appears differences over what the current 2020 is, some are saying 14 #%. but reporting that some of the troy came members are saying this, others saying between 140 and 150. of course they do rely on quite a lot of assumptions about gross tax receipts and spending cuts. >> with a matters isn't the 2020 versus 2022 language. what they're implying is whether the official sector has to take. yesterday we heard smaghi say he thinks a maturity extension will happen. so is that going to extend to the official sector and does it have to in your view? >>
justin, thanks for joining us. first of all, this little spat on the two year extension, how much >> of course they're politicians and in jean claude's own words, different circumstances. they have to get reelected. christine lagarde is head of the imf and the imf needs to get the problem sorted out as quickly as possible regardless of political concerns. so you can see which way they're coming from here. as i say, the mnumber 120% is plucked out of the air. there already appears...
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Nov 5, 2012
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does it really do us much good. pmi reading sub 50 with qe -- >> is the government going to be outvoted this week? his comments have seen to be pinned more towards more rather than lessor not doing anything. charlie bean came out and said i can't see the point of it. >> one thing this economy isn't suffering from is too much growth. so it's not -- the fls is the weapon of choice right now. >> it's a bit of a struggle to figure out what the message is here for the uk economy. you have the employment set of figures which has been stronger than the gdp figure until the gdp figures showed a rebound in the third quarter which now the composite pmi might be fleeting and it points towards weaker growth ahead. >> you have to strip out all of the noise. for my money, we've been growing at about a quarter percent quarter on quarter so not brilliant, but not a disaster either. i think they will start to cool off here the post owe him tick layoffs and they should cast down in reality, but i've said that the last four or five mo
does it really do us much good. pmi reading sub 50 with qe -- >> is the government going to be outvoted this week? his comments have seen to be pinned more towards more rather than lessor not doing anything. charlie bean came out and said i can't see the point of it. >> one thing this economy isn't suffering from is too much growth. so it's not -- the fls is the weapon of choice right now. >> it's a bit of a struggle to figure out what the message is here for the uk economy....
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Nov 29, 2012
11/12
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let us know. worldwide@cnbc.com, @cnbcwex. >>> stick around because coming up, mervyn king is out with the uk's financial stability report and rumors are swirling about new capital requirements for banks. >>> tim geithner will head to capitol hill today to meet with congressional leaders on, yes, the fiscal cliff. geithner's president lead negotiator in the budget talks. he'll meet first with harry reid at 10:00 a.m. and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal for higher taxes for those who make more than a quarter million dollars a year. sdl bo >> b
let us know. worldwide@cnbc.com, @cnbcwex. >>> stick around because coming up, mervyn king is out with the uk's financial stability report and rumors are swirling about new capital requirements for banks. >>> tim geithner will head to capitol hill today to meet with congressional leaders on, yes, the fiscal cliff. geithner's president lead negotiator in the budget talks. he'll meet first with harry reid at 10:00 a.m. and then with house republicans including speaker john...
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Nov 12, 2012
11/12
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dominic is still with us. i suppose the question is what we've sort of global equities have priced in in terms of a scenario for the fiscal cliff. what do you think it is? >> i think markets have been sanguine about the whole issue and it's only after the election that we began to see nervousness. and i still think the likely outcome is the market will have to put further pressure on both sides before a deal is finally done. and i actually don't think we'll good a deal done this side of the new year. >> you yu don't? >> no, i don't. because the republicans have put themselves in a difficult position because they've actually said no way that they will endorse tax hikes. if they allow the tax increases to automatically go through on the 31st, they can then talk about tax cuts for the middle classes in january. it's cynical, but it may be what actually happens. >> so what happens on that? because there are some saying u.s. equitieses have already priced in the fiscal cliff and they look at it as a measuring of eq
dominic is still with us. i suppose the question is what we've sort of global equities have priced in in terms of a scenario for the fiscal cliff. what do you think it is? >> i think markets have been sanguine about the whole issue and it's only after the election that we began to see nervousness. and i still think the likely outcome is the market will have to put further pressure on both sides before a deal is finally done. and i actually don't think we'll good a deal done this side of...